The upbeat atmosphere with double the attendees and companies at the 2025 Rule Symposium on Natural Resource Investment in Boca Raton, Florida, was buoyed by a backdrop of strong metal prices and multiple companies hitting 52-week and record highs, even Rick Rule was taking notes. 

In the Weekly Market Digest, Q2 earnings supported the US equity markets, but the impact of the tariffs has yet to be felt. A stronger USD weighed on precious metals and equities, while base metals were mixed and equities flat.

The Exploration Insights portfolio outperformed both the precious and base metal equities ETF benchmarks, led by a REE developer in Chile and Brazil with downstream aspirations in the US.

In The Rant, with the help of Paul Harris, we review our days at the Boca Raton conference, which has become a benchmark for high-net-worth individuals based out of the US. 

In Stock Talk, a pair of silver explorers and developers provide drilling updates from northwest Argentina and news of a significant capital raise. Finally, I review the latest drill results from a Yukon-focused copper explorer. I have deferred my review of a PEA on a Pd-Pt-Ni project by a Brazilian developer until next week, as I plan to highlight insights from Shanghai Platinum Week, where the story fits in well.